Machinery

Italian Textile Machinery Industry Prepares for Green Transition Challenges

July 11, 2024

The General Assembly of ACIMIT, the Italian Textile Machinery Manufacturers Association, held in Milan on July 9, emphasized the industry’s commitment to innovation amidst current global uncertainties. Marco Salvadè, ACIMIT’s president, highlighted key data from the Italian textile

Financial Results

Syre Secures $100 Million Series A Funding For Textile Recycling

May 26, 2024

Syre, the textile impact company initiated by Vargas and H&M Group, has secured a $100 million Series A funding round. Led by TPG Rise Climate, the round included investments from H&M Group, Giant Ventures, IMAS Foundation, Norrsken VC, and Volvo cars. CEO Dennis Nobelius expressed excitement about the ambitious investors joining their mission to drive […]

Product Launch & Innovation

EU Launches ‘Textiles Of The Future’ Partnership For Innovation

March 22, 2024

Amidst the EU Research and Innovation Days, the European Commission has unveiled nine new European co-funded and co-programmed partnerships, notably including “Textiles of the Future” (*). These partnerships are set to be pivotal in the Horizon Europe Strategic Plan 2025-2027, championing the green and digital transition while fostering a more resilient,

Event

IDH And Better Cotton Host Roundtable On Textile Sustainability At Bharat Tex 2024

March 3, 2024

IDH and Better Cotton co-hosted a roundtable on the “Future of Textiles: ESG and Sustainability” at Bharat Tex 2024 in New Delhi, India. Chaired by Gauri Singh, Deputy Director-General of the International Renewable Energy Agency (IRENA), the meeting emphasized the critical need to enhance efficiency across resource, process and energy dimensions to drive the